The Ultimate Guide to South Korea Startup Visa: Requirements, Procedures, and Benefits

The Korea Startup Visa (D-8-4) is a key enabler for foreign entrepreneurs, providing a streamlined pathway to establish technology-based startups. Central to this process is the Overall Assistance for Startup Immigration System (OASIS), an initiative designed to guide and empower aspiring business owners. OASIS offers tailored courses, mentoring, and resources, helping participants meet visa requirements and succeed in Korea’s dynamic market.

This guide from the Launchroad blog will walk you through everything you need to know about launching a business in Korea, the D-8-4 visa application process, and how OASIS can pave the way for your entrepreneurial journey. Let’s get started!

Why Choose South Korea for Your Startup?

South Korea is a hotspot for entrepreneurs, offering an environment to launch and grow your business. With one of the most advanced technology ecosystems in the world, it’s an ideal place for startups in tech, innovation, and research-driven industries. The country also provides strong government support, such as funding, mentoring programs, and startup hubs, making it easier for new businesses to succeed.

The Korea Startup Visa (D-8-4) simplifies the process of starting a business, offering access to resources like the OASIS program, which helps applicants meet visa requirements through courses, mentoring, and support with intellectual property registration and business setup.

Choosing South Korea for your startup not only opens doors to cutting-edge technology and a supportive ecosystem but also connects you to global markets through its strong international trade networks.

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The OASIS Program: Your Key to the Korean Startup Visa

The Overall Assistance for Startup Immigration System (OASIS) is a vital program for foreign entrepreneurs planning to establish their businesses in South Korea. Operated by the Global Startup Immigration Center, it offers tailored support to help participants qualify for the Korea Startup Visa (D-8-4) and succeed in their entrepreneurial journey.

Types of Support Provided

The OASIS program provides comprehensive assistance, including:

• Mentoring and Coaching: Guidance from industry experts on market research, customer analysis, and operational strategies.
• Intellectual Property (IP) Courses: Classes to understand and register patents or other IP rights essential for startups.
• Company Establishment Assistance: Help with the legal and administrative steps required to establish a corporation in South Korea.
• Commercialization Support: Initial funding and resources to bring your ideas to market.

OASIS Courses and Their Relevance

To qualify for the D-8-4 Startup Visa, participants need to earn at least 80 points by completing OASIS courses and meeting other criteria. Here’s a breakdown of the courses:

• OASIS-1: A basic IP course (15 points) to help entrepreneurs understand intellectual property rights.
• OASIS-4: A foundational startup class (25 points) covering business management, tax systems, and investor pitching.
• OASIS-5: Coaching and mentoring (15 points) for hands-on guidance in launching a business.
• OASIS-8: Corporation establishment support (15 points) to ensure smooth business registration.

OASIS-1 to OASIS-9: The Point System

The program includes nine levels, each focusing on a specific aspect of entrepreneurship. Completing these courses contributes to the points required for visa eligibility. For instance, OASIS-2 and OASIS-9 provide advanced IP knowledge and commercialization support, each adding 25 points to your total.

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Korea Startup Visa Requirements: Eligibility Criteria for the D-8-4 Visa

Here’s a breakdown of the requirements and point system:

Eligibility Criteria

To apply for the D-8-4 visa, you must meet specific conditions:

1. Educational Background
   • Hold a Bachelor’s degree or higher from any recognized institution.
   • Alternatively, a Global Startup Immigration Center Recommendation Letter may substitute the degree requirement.

2. IP Ownership or Innovative Idea
   • Ownership of intellectual property such as a patent, utility model, or design is a strong qualifying factor.

3. Minimum 80 Points from OASIS Activities
   • Applicants must accumulate at least 80 points through the OASIS program or other qualifying activities.

Point System Overview

The OASIS (Overall Assistance for Startup Immigration System) program assigns points for mandatory and elective items.

Mandatory Items (Prerequisite)

You need at least one mandatory item to qualify. Examples:

• Registered Patent (80 points)
• Intellectual Property Application (50 points)
• Investment of 100 million KRW (15 points)

Elective Items

Additional points can be earned through activities such as:

• OASIS-4 Basic Startup Class (25 points)
• Business Coaching and Mentoring (15 points)
• Doctoral Degree (15 points)

Detailed Explanation of the OASIS Program

The OASIS program supports startup visa applicants with training, mentorship, and administrative assistance. Key courses include:

1. OASIS-1: Basic Intellectual Property Course (15 points)
2. OASIS-4: Basic Startup Class (25 points)
3. OASIS-5: Startup Coaching & Mentoring (15 points)
4. OASIS-8: Corporation Establishment Support (15 points)

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Step-by-Step Application Process: D-10-2 and D-8-4 Visas

For the D-10-2 Visa

1. Participation in OASIS Courses
   • Enroll in relevant OASIS programs such as OASIS-4 (Basic Startup Class). This is mandatory for building the foundation for your visa application.
   • Completion of courses like intellectual property basics or startup coaching adds points to your application.
2. Required Documents and Preparation
   • Passport and ID photos
   • Degree certificate (apostilled) or a recommendation letter from the Global Startup Immigration Center
   • OASIS program completion certificate
   • Business plan (aligned with your startup goals in Korea)
   • Proof of residence and bank statements (Korean accounts preferred)
3. Application and Issuance Timeline
   • Submit all required documents to immigration.
   • The visa is initially valid for six months and can be extended up to two years (three six-month extensions).

For the D-8-4 Visa

1. Transition from D-10-2 or Direct Application
   • If you hold a D-10-2 visa, transition to the D-8-4 visa after fulfilling the requirements.
   • Alternatively, apply directly for the D-8-4 if you meet the prerequisites, including corporate establishment and intellectual property certification.
2. Corporate Establishment in Korea
   • Establish a legal entity (corporation) in Korea, as this is a core requirement. OASIS-8 (Corporate Establishment Support) provides guidance and assistance during this process.
   • Obtain certificates like the Corporate Registration Certificate and Business Registration Certificate.
3. IP Application and OASIS Program Certification
   • File a patent, utility model, or design application to boost your points.
   • Complete advanced OASIS courses (e.g., OASIS-2 and OASIS-5) for additional credit.
4. Checklist of Required Documents
   • Passport and Alien Registration Card
   • Degree certificate (apostilled) or recommendation letter
   • OASIS certificates with 80+ points
   • Corporate registration and business certificates
   • Patent or intellectual property application proof
   • Residence and office rental agreements
   • Tax payment certificates (for visa extensions)

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Extending Your Startup Visa in South Korea

When extending your startup visa in Korea (D-8-4, D-10-2, or D-9-1), it’s important to meet specific eligibility criteria, provide required documents, and address common challenges. Here’s a simple guide to help you navigate the process:

Eligibility for Extensions and Validity Periods

1. D-8-4 Technology and Business Startup Visa
   • Initially valid for 12 months.
   • Extensions are granted based on continued business activity and meeting immigration requirements.
2. D-10-2 Startup Preparation Visa
   • Initially valid for 6 months.
   • Can be extended up to three times, allowing a maximum duration of 2 years.
3. D-9-1 Trade Visa
   • Valid for 12 months.
   • Extensions depend on ongoing trade activities and related documentation.

Key Documents for Extension Applications

Ensure you prepare and submit the following documents based on your visa type:

• D-8-4 Visa:
  • Business registration certificate.
  • Proof of intellectual property (e.g., patent, utility model).
  • Tax clearance certificate.
  • Corporate bank statements and updated financial records.
• D-10-2 Visa:
  • Proof of participation in the OASIS program.
  • Updated business plan.
  • Evidence of progress in business preparation, such as intellectual property applications or contracts.
• D-9-1 Visa:
  • Export/import activity records.
  • Certificate of trade business code registration.
  • National and local tax payment certificates.

Common Challenges and Tips for Successful Renewals

1- Professional Support:
Consider seeking advice from the Global Startup Immigration Center or professional consultants to navigate complex requirements effectively.

2- Document Accuracy:
Ensure all documents are complete, translated (if required), and certified. Incomplete applications often lead to delays.

3- Eligibility Proof:

• For D-8-4 visa holders, maintaining intellectual property rights or demonstrating their connection to your business is crucial.
• D-10-2 and D-9-1 holders must show clear progress in their respective business plans or trade activities.

4- Timeline Management:
Submit your extension application well before your visa expires to avoid processing delays.

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Role of Launchroad in The Seccess of Your Startup Visa

LaunchRoad is your trusted partner for starting a business abroad. We guide you in choosing the right country, understanding visa requirements, and getting your startup off the ground. As an experienced startup visa consultant, we offer expert startup visa consultation to help you navigate the complexities of international expansion. Our team provides the support, mentorship, and resources you need to succeed in the global market.

Helpful resources:

• www.oasisvisa.com
• www.koreastartupvisa.com

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